XAUUSD - Daily Time Frame - Possible Moves
Analyzing on daily time frame, XAUUSD is on a resistance level currently. this can also be considered as a shoulder formation of Head & Shoulder pattern. if it breaks above this level, then we might see the price going for the next level which is the all time high level @2440.
If there is a pull back from the current level, then the price might come down to grab liquidity from the daily fair value gap below. If the price breaks below the given FVG then it might go down to the support level @2280 completing the Head & Shoulder Pattern.
If there is a pull back from the current level, then the price might come down to grab liquidity from the daily fair value gap below. If the price breaks below the given FVG then it might go down to the support level @2280 completing the Head & Shoulder Pattern.
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